USSD Code to apply for salary advance and Payday Loans in all Nigeria Banks

Last Updated on December 7, 2023 by admin

There may be times when you need a little extra financial support in the form of short term loans that could change their current situation. You may be eligible for a loan if you are a salary earner with a reputable private company, government parasite or self employed.

Most banks in Nigeria will expect you to open an account before you apply or before the payday loan is disbursed, All you need is to Simply complete a short application form using USSD (Unstructured Supplementary Service Data).

If you don’t have an account, kindly visit the nearest Bank branch to obtain a debit card and submit documentation for the new account.

Also Read:Criteria and how to get Loans From Microfinance Banks In Nigeria

Documentation required to open bank account:

Before you can open any bank account in Nigeria you need to provide the following documents are stated below:

1. Valid government issued identification (ID) card i.e. International Passport, Driver’s License, National ID card
2. Recent utility bill
3. Passport photograph
4. Account opening form or used the ussd code to open one


What is a PayDay Loan?

Payday loan is an instant digital loan product which is targeted at salary earners who meet the Bank’s Risk Acceptance Criteria (RAC). Payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on your income. The loan is typically due on your next payday.

Payday lender will confirm your income and your salary account information and deliver cash then and there at a store or, if the transaction is done via ussd, as early as the same day.

What is USSD Banking?

Unstructured Supplementary Service Data is a process that allows users without a smartphone or data/internet connection to bank through USSD mobile banking…This can be used for fund transfers, buying airtime, checking account balance, generating bank statements, applying for loan and among other uses.

When is the PayDay Loan due for repayment?

Your PayDay Loan will be due for repayment by your next salary payment or 30 days from the day the loan was taken (whichever comes first). The loan amount will then be automatically deducted from your salary account.

Also read: Line of Credit vs Loan and Home Equity: what is the different

How do I request for a PayDay Loan?

You can apply for payday loan through any of the following ways:

1. Dial the USSD code of your bank code
2. QuickBucks
3. Download the mobile app, available on the Google Playstore or iOS App Store
4. Or click here to visit the online website

USSD Code for Loans in Nigeria

The following code will enable you to apply for a payday loan in Nigeria by dialing the following code of your bank as given below.

1. AB Microfinance Bank—–*389*755#

2. Access Bank Payday Loan — *901*11#

3. Accion Microfinance Bank——*572*6#

4.Airtel Quick Cash—-*561#

5.ALAT Loan By Wema Bank—*945*100

6.Aledin Nano—*903#

7.Carbon Loan—*1303#

8.Ecobank Xpress—*326#


10 Fairmoney Loan—-*322*2#

11. FCMB—-*329#

12.First Bank First Advance——-*894*11# or *894#

13. Glo Cash—-*322*1*04225701*Amount#

14.GTBank Soft Loan (QuickCredit) —-*737*51*51#



17.Migo Loan—–*561#

18.MTN Cash——*606*4#

19.Trader Moni——*540#



22. Paylater USSD Code—-*1303#

23.Quickteller Loan—– (Airtel, MTN & 9mobile)*322#

24. Quickteller – Glo Users —–*805#

25.UBA Loan Code —-*919#

26.Unity Bank Loan Code—-*7799#

27.Zenith Bank Loan—-*966#

28.Polaris Payday Loan— *833*12#

29.Heritage Bank Loan code —*322#

30. Keystone Bank Loan code —-*533#

31.Union Bank Loan code —-*826#

32.sterling bank loan code—*822#

33. Wema Bank Loan code —*945#

34.Fidelity Bank Loan code –*770#

35. Unity Bank Loan code—–*7799#


Frequently Asked Questions on Payday loan

How do I repay the PayDay loan?

The borrowed payday loan amount will be deducted at source from your next salary payment, meaning the funds will be taken from your salary before the salary hits your account.

you may also like: Gtbank Quick Credit for Payday Loan and Small Business : Requirements and How to apply

What is the tenor for the PayDay Loan?

The loan tenor is30 days or your next salary payment, whichever comes first.

What are the rates/fee for PayDay Loan?

The interest rate for PayDay Loan is 5%. Other charges includes a 1% management fee, and 0.3% credit life insurance, which are taken upfront.


How much can I get with PayDay Loan?

The maximum amount (i.e. eligible amount) you can get is 75% of your monthly salary, less any active loans at the Bank subject to ₦500,000 disbursement cap. Your eligibility is displayed when you request for the loan.

Read: How to apply for Access Bank Salary advance/Payday Loan

Who can’t be eligible for Payday loan

Your eligibility will be affected by any of the following:

If you have any outstanding loan(s) in with your Bank or other banks.
If you apply using a phone number that is not linked to your BVN.
If there is no evidence that you received salary payment in the previous month.
If you have taken previous digital loans and exceeded your eligible amount.
If you have an existing loan and the monthly repayment is higher than your eligible amount.

Is there any penalty for not repaying the loan on time?

Customers will face a 1% penal charge per month for defaulting on the loan from 31 days past due.

What happens if my account is not funded for repayment on the due date?

The payday loan amount will be deducted from any inflow into the customer’s account. Where the loan us past due, deduction will be made from any account linked to your BVN.

Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

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Ogbeide Frank loves writing and research about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies For Advertisement, Content marketing and sponsored post: contact :
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